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The NZD/USD pair has encountered resistance at the 200-day Simple Moving Average (SMA), around the 0.5845 level. The U.S. dollar is showing positive momentum for the second consecutive day, supported by broad weakness in the Japanese yen. Additionally, cautious sentiment regarding U.S. equity futures strengthens the dollar's role as a safe-haven currency and is seen as a key factor exerting some downside pressure on the risk-sensitive New Zealand dollar. However, dollar strength does not appear overly optimistic against the backdrop of expectations for a dovish Federal Reserve policy, which in turn could lend support to the NZD/USD pair. According to the CME FedWatch Tool, the probability of a 25-basis-point rate cut by the Federal Reserve in October and December is estimated at about 95% and 84%, respectively. Moreover, concerns that a prolonged U.S. government shutdown could disrupt economic activity are dampening enthusiasm among dollar bulls. Thus, to confirm that the upward trend in NZD/USD seen over the past two weeks has run its course, strong selling pressure would be required. At the same time, growing expectations of further monetary easing by the Reserve Bank of New Zealand (RBNZ) make it reasonable to wait for a sustained rally in NZD/USD and a firm close above the 200-day SMA before initiating long positions for continued upside. For better trading opportunities, attention should be paid to speeches by key FOMC members, including Federal Reserve Chair Jerome Powell's remarks on Thursday. Additionally, the FOMC minutes, due Wednesday, may clarify the stance on rate cuts, influencing the U.S. dollar and potentially providing fresh momentum to the NZD/USD pair. From a technical perspective, oscillators on the daily chart remain negative; nevertheless, NZD/USD is still holding above the psychological 0.5800 level, suggesting some resilience. Still, unless prices confidently break through the 200-day SMA near 0.5845, it is premature to speak of a bullish outlook. The table below shows the percentage change of the U.S. dollar against major currencies this week. The dollar has shown the strongest performance against the Japanese yen. The material has been provided by InstaForex Company - www.instaforex.com

Today the British pound, the euro, and the Australian dollar were successfully traded using the Momentum strategy. I did not trade anything using Mean Reversion. Weak data on German factory orders put pressure on the euro in the first half of the day. Traders took this as a signal of a possible slowdown in economic growth in the eurozone's largest economy and, consequently, in the region as a whole. Concerns were reinforced by the escalation of the political crisis in France, which in recent days has weighed heavily on risk assets. Against this backdrop, the U.S. dollar showed steady growth. As for the second half of the day, much will depend on trade balance data and consumer credit figures. Favorable results, especially regarding a reduction in the trade deficit, could support the dollar by signaling a recovery in economic activity. Conversely, weak data would revive negative sentiment. In addition, FOMC members Raphael Bostic and Michelle Bowman are scheduled to speak. A dovish tone from policymakers would pressure the dollar. If Federal Reserve officials hint at the possibility of further rate cuts this month, it could significantly weaken the dollar's position. Hawkish statements, emphasizing the need for patience in the fight against inflation, would, on the contrary, strengthen the U.S. currency. In the case of strong statistics, I will rely on implementing the Momentum strategy. If there is no significant market reaction to the data, I will continue to use the Mean Reversion strategy. Momentum Strategy (breakout trades) for the second half of the day: For EUR/USD Buying on a breakout above 1.1680 could push the euro toward 1.1710 and 1.1743;Selling on a breakout below 1.1650 could push the euro down toward 1.1611 and 1.1576.For GBP/USD Buying on a breakout above 1.3457 could push the pound toward 1.3506 and 1.3540;Selling on a breakout below 1.3420 could push the pound down toward 1.3400 and 1.3380.For USD/JPY Buying on a breakout above 150.90 could push the dollar toward 151.25 and 151.65;Selling on a breakout below 150.65 could trigger dollar selling toward 150.35 and 150.00.Mean Reversion Strategy (reversal trades) for the second half of the day: For EUR/USD Look for selling opportunities after a failed breakout above 1.1690 followed by a return below this level;Look for buying opportunities after a failed breakout below 1.1651 followed by a return above this level. For GBP/USD Look for selling opportunities after a failed breakout above 1.3456 followed by a return below this level;Look for buying opportunities after a failed breakout below 1.3412 followed by a return above this level. For AUD/USD Look for selling opportunities after a failed breakout above 0.6613 followed by a return below this level;Look for buying opportunities after a failed breakout below 0.6576 followed by a return above this level. For USD/CAD Look for selling opportunities after a failed breakout above 1.3965 followed by a return below this level;Look for buying opportunities after a failed breakout below 1.3942 followed by a return above this level.The material has been provided by InstaForex Company - www.instaforex.com

Today, the GBP/JPY pair is retreating from a new yearly high — just above the round 203.00 level, reached earlier on Tuesday. Spot quotes show no signs of bearish pressure and are currently holding slightly above 202.50, down less than 0.10% on the day. The Japanese yen continues to show relative weakness following the unexpected outcome of Japan's leadership elections on Saturday, which brought Sanae Takaichi to power as the country's first female prime minister. Takaichi supports a "dovish" fiscal stance and is therefore expected to oppose further monetary tightening by the Bank of Japan. Alongside the overall bullish sentiment, this undermines the safe-haven yen and provides tailwinds for the GBP/JPY pair. At the same time, new government data showed that Japanese household spending in August exceeded expectations. This underscores the need for continued Bank of Japan policy tightening and helps contain deeper losses in the Far Eastern currency. On the other hand, the British pound is under pressure from the moderate strengthening of the U.S. dollar and concerns over the UK's fiscal outlook ahead of the autumn budget in November. This, in turn, weighs on the GBP/JPY pair. So far, money market participants expect the Bank of England to keep interest rates unchanged through the end of the year, given signs of accelerating inflation and growing economic resilience. Combined with uncertainty about the timing and pace of potential Bank of Japan hikes, this makes it reasonable to wait for a strong sell-off before claiming that GBP/JPY has topped out in the near term. From a technical standpoint, oscillators on the daily chart remain positive. The Relative Strength Index is close to the overbought zone, pointing to some price consolidation near the yearly high. The nearest resistance for the pair is at the round 203.00 level. Support has been found around the midpoint between round figures. Any pullback toward the 201.50–201.30 level can be viewed as a buying opportunity. Below that, bulls would lose control of the situation. The table below shows the percentage change of the Japanese yen against major currencies this week. The yen demonstrated the most strength against the euro. The material has been provided by InstaForex Company - www.instaforex.com

On 6 October 2025, Indian Union Minister Piyush Goyal said that the country is ready to launch a sovereign, Reserve Bank of India (RBI) -backed digital currency, which will be traceable. Goyal insisted that the country will not be encouraging cryptocurrency,” which does not have sovereign backing or which is not backed by assets, say it on the federal bank or local currency.” The digital Rupee will be akin to regular currency. It will be backed by the central bank, while leveraging blockchain technology. “Our idea is that this will only make it easier to transact. It will also reduce paper consumption and will be faster to transact than the banking system. But it will also have traceability,” said Goyal during his official trip to Qatar. DISCOVER: Top 20 Crypto to Buy in 2025 “While There Is No Ban (On Crypto) As Such, We Are Taxing It Very Heavily,” Says India’s Union Minister Per local news reports, Goyal also threw light on the country’s stance on cryptocurrency and said, “As far as cryptocurrency, which is not backed by the Central Government, while there is no ban as such, we are taxing it very heavily. We don’t encourage it because we don’t want anybody to be stuck at some point with a cryptocurrency that has no backing and nobody at the backend.” Currently, India’s stance is that it neither encourages nor outright bans crypto. But it imposes heavy taxes on digital assets – which includes 30% capital gains tax and 1% Tax Deducted at source (TDS). These heavy taxes have been in place since July 2022. But is India doing enough? The crypto community will say not nearly! Traders are looking for clear crypto regulation and reduced taxation rates. Read More: 99Bitcoins Interview: WazirX CEO on India’s Crypto Boom Amid Policy Void WazirX CEO Nischal Shetty Says Millions Of Indians Are Already Engaging With Crypto, But Policy Environment Hasn’t Caught Up “India’s crypto ecosystem is often viewed only through the lens of its high taxes and regulatory ambiguity, but that misses the full picture. Despite these challenges, India consistently ranks among the top in the world for grassroots adoption, developer activity, and innovation,” said Shetty on an exclusive chat with 99Bitcoins.com The demand is real; tens of millions of Indians are already engaging with crypto, but the policy environment hasn’t fully caught up yet. “The biggest unlock would be rationalizing taxation, especially easing the TDS burden, to encourage legitimate onshore activity instead of pushing it offshore. Combined with clearer regulatory frameworks, this would create an environment where India’s young, tech-savvy population and vibrant developer community can build the next generation of Web3 products.” “India has the potential not just to participate in Web3, but to lead it globally, provided the right policy clarity enables entrepreneurs to build for billions at home and then expand worldwide.” DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Key Takeaways India’s strategy is clear: foster a state-guaranteed digital currency ecosystem with blockchain at its core, while keeping private, unregulated digital assets in check through heavy taxation. The digital Rupee will be akin to regular currency. It will be backed by the central bank, while leveraging blockchain technology. The post India Announces RBI-Backed, Traceable Digital Currency: Union Minister Says “We Are Taxing Crypto Very Heavily” appeared first on 99Bitcoins.

Overview: The dollar has come back bid. It is trading near session highs late in the European morning. The French crisis has not been resolved and the policy mix advocated by the new head of the LDP and soon-to-be prime minister continues to weigh on the yen. The US government remains closed, and the White House has sent mixed signals about its willingness to negotiate with the Democratic Party leaders. The Antipodeans are the weakest among the G10 currencies ahead of New Zealand's anticipated rate cut tomorrow. True to form, in a firm US dollar environment, the Canadian dollar does relatively better, and today, it is atop the G10 currencies. The greenback is at its best level in nearly seven months against the Japanese yen and is within striking distance of JPY151.00. The euro is near $1.1660. An expected drop in German factory orders is doing the single currency no favors. Most emerging market currencies are weaker, led by the central European currencies. Holidays closed the Hong Kong, mainland China, and South Korean markets. Most of the other large equity markets in the region, but Australia rose. Europe's Stoxx 600 snapped a six-day advance yesterday and is a little softer today. US index futures are little changed. A solid 30-year JGB auction helped Japanese bonds steady today. European benchmark 10-year yields are mostly 1-2 bp firmer and the 10-year US Treasury yield is slightly higher near 4.16%. Several Fed officials speak today, including Governor Bowman who has hinted at the need for quicker rate cuts. The US sells $90 bln of six-week bills today and $58 bln three-year notes. Gold reached a new record high near $3977.50 but has seen profit-taking pare earlier gains. November WTI is trading quietly inside yesterday's range (~$61-$62.15). USD: The North American market was unable to extend the dollar's gains scored in Asia and Europe in response to political developments in Japan and France. The Dollar Index reached almost 98.50 in Europe yesterday and retreated to almost 98.00 in North America. DXY is trading firmly today and is retesting yesterday's high in European turnover. A move above 98.60 could see 98.80-85 next. The dollar's gains seem to be more a function of political developments in Japan and the eurozone. President Trump is threating to fire thousands of federal government workers, but unions representing government workers have sought a court injunction against such a move, while holding out the possibility of talking with Democrats about health care subsidies. EURO: The euro held above the low recorded in late September near $1.1645 in yesterday's sell-off fanned by concerns about the brewing crisis in France. It recovered to around $1.1720 in North American turnover. but has been sold again today to about $1.1660. Options for 1.8 bln euros at $1.1650 expire today and another set there for about 1.7 bln euros expire Friday. A break of the $1.1645 low could spur a test on the $1.1600 area. President Macron's blunder of naming a new cabinet that looked too much like the previous one, seemingly ignoring power and threats of the opposition parties doomed the short-lived Lecornu government, which might not have survived a confidence vote later this week. It appears Macron has bought a little time, through Wednesday, but the die seems cast. Macron again faces three choices: appointing yet another prime minister, calling for a parliamentary election, resigning himself (which he has repeatedly ruled out). The deadline to file a regular budget is October 13. Without this in place, the government must rely on emergency measures to avoid a shutdown in January. The French 10-year premium over Germany widened to almost 90 bp, the most since December 2024. The French yield rose above Italy's. Separately, Moody's will announce the results of its review of the Aa3 (AA-) rating it ascribes to Belgium at the end of the week. It has a negative outlook. Separately, German reported disappointing August factory orders earlier today. They fell by 0.8% after falling 2.7% in July (revised from -2.9%). The median forecast in Bloomberg's survey was for a 1.2% increase. Industrial production is due tomorrow. It rose 1.3% in July and is expected to have contracted by 1% in August. Tomorrow, the German Economics Minister Reiche is expected to revise the government's economic projections to be more in line with German thinktanks: 0.2% GDP this year and 1.3% next year and 1.4% in 2027 (as infrastructure and defense spending kicks in). CNY: The dollar rose to the upper end of its recent range against the offshore yuan near CNH7.15 yesterday. Nearby resistance is seen around CNH7.1550. A move above there could target the CNH7.17 area. Mainland markets re-open Thursday. China reported a $16.5 bln increase in September reserves to $3.338 trillion. It bought gold for the 11th consecutive month: 40k troy ounces (~29166 troy ounces in a ton). JPY: In response to the anticipated policy mix of a new Japanese government, the dollar gapped higher and rose to a high near JPY150.50 before consolidating. Its gains were extended today to almost JPY150.85. The high since the end of Q1 was on August 1, near JPY150.90. Options for about $776 mln at JPY151.00 expire today. The (61.8%) retracement of this year's dollar decline is around JPY151.60. Earlier today, Japan reported August household spending rose by 2.3% in real terms, almost twice the median forecast in Bloomberg's survey. Spending was boosted by transportation and entertainment expenditures. In August 2024, household spending had fallen 1.9% year-over-year, and in August 2023, household spending was 2.5% lower on a year-over-year basis. Tomorrow, Japan sees labor earnings, which looks to have slowed, and the August current account, which likely expanded despite its trade deficit. Demand improved at today's 30-year bond auction, and the bid-cover was slightly above the 12-month average. Japan's long-term bond yields slipped a little today. GBP: Sterling continues to trade quietly. The UK economic calendar is light this week. UK Gilts underperformed yesterday but sterling avoided the turmoil that hit the euro and yen. It set a new session high in late North American turnover yesterday, near $1.3490. That held today and sterling slipped back to around $1.3430. Sterling continues to trade within the range set last Thursday (~$1.3400-$1.3510). A move above $1.3525 is constructive. It represents the (50%) retracement for the decline since the September 17 Fed rate cut. The next retracement (61.8%) is near $1.3570. The daily momentum indicators look poised to turn higher. CAD: The US dollar traded firmly yesterday against the Canadian dollar, though both the Australian and New Zealand dollars outperformed it. The greenback remains confined to the range set last Thursday (~CAD1.3935-CAD1.3985). Options for about $330 mln at $1.3975 expire tomorrow. Nearby resistance is seen from CAD1.3980 through CAD1.4020, which houses the 200-day moving average, the CAD1.4000 level that has held on a closing basis for almost six months, and the (38.2%) retracement of this year's decline. The shock to the Canadian economy this year has come from trade with the US. It will report its August merchandise trade balance tomorrow. Through July, Canada's trade deficit has averaged about C$3.5 bln. In the first seven months of 2024, the deficit averaged about C$500 mln a month. The IVEY purchasing managers’ survey also will be reported. It tends not to elicit much of a market response these days. The highlight of the week is the September jobs report on Friday. The median forecast in Bloomberg's survey is for the unemployment rate to tick up to a new cyclical high of 7.2%. Last September, Canada's unemployment rate was at 6.6%. The swaps market has about a 60% chance another rate cut later this month. It is fully discounted before the end of the year. AUD: The Australian dollar posted a bullish outside day yesterday; trading on both sides of last Friday's range and settling above it high (~$0.6615). Follow-through buying lifted the Aussie to almost $0.6625 before sellers took control and pushed it back to almost $0.6585. It remains within last Thursday's range (~0.6575-$0.6625). Last week's high was near $0.6630, and the (61.8%) retracement of the losses since the Fed's rate cut on September 17 is about $0.6635. A move above there targets the $0.6665 area. The year's high, set on September 17, was slightly above $0.6705. The daily momentum indicators look poised to turn higher. MXN: In its initial advance, the dollar rose to almost MXN18.49 but as its gains were pared in the North American morning yesterday, it was sold through the pre-weekend low (~MXN18.3675). It settled below last Friday's low, giving a bearish technical cast to the price action. It also settled below the 20-day moving average (~MXN 18.4040). It has not settled above the 20-day moving average in a month. However, the broad dollar gains today have seen it return to almost MXN18.39. Mexico reports September auto production and exports today. In August, Mexico produced almost 350k vehicles, slightly less than August 2024 (~352.6k). It exported almost 296.8k vehicles (84.8%). Domestic vehicle sales in September were about 117.2k. It was the second consecutive monthly decline but was about 0.3% higher than September 2024. Disclaimer

OpenAI has inked a multiyear deal with AMD (NASDAQ: AMD) for six gigawatts of GPU capacity to power its next generation of AI models. It’s a mic drop moment. The agreement, unveiled Monday, could deliver tens of billions in revenue over five years, marking AMD’s biggest step yet toward challenging Nvidia’s dominance in AI chips. AMD and Nvidia will never become the same. NVIDIA will likely make an x86 processor that might be ok, but AMD is crushing in CPUs and might forever after this deal. Intel will eventually be sold off to government mothballs since they can’t make new enterprise or consumer products. Learn more , which has recently behaved as a liquidity gauge for tech speculation, is holding above $124,000, while gold is near $3,900, suggesting traders are hedging both ends of inflation. Why the AI Trade Isn’t Cooling Off Where are you at, anon? I should have bought BTC I should have bought ETH I should have bought OPEN I should have bought AMD Thankfully, with AMD’s market 13 times smaller than Nvidia, there is still room to grow. Nvidia’s products still dominate the market, but AMD’s Instinct GPUs and their CPUs have gained traction in recent months thanks to aggressive pricing and growing compatibility with OpenAI’s in-house frameworks. 99Bitcoins analysts will wait for a dip, but AMD clearly has long-term value potential. EXPLORE: Tether CEO Paolo Ardoino Hopes For Net Positive From US Elections, Says Bitcoin Strategic Reserve Is A Great Idea: 99Bitcoins Exclusive Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways OpenAI has inked a multiyear deal with AMD (NASDAQ: AMD) for six gigawatts of GPU capacity to power its next generation of AI models. Thankfully, with AMD’s market 13 times smaller than Nvidia there is still room to grow. The post AMD Stock Erupts After Pre-FOMC OpenAI Deal: Is There a Computing Power War Coming For Crypto? appeared first on 99Bitcoins.

On Monday, the EUR/USD pair resumed its decline against forecasts but during the day still reversed in favor of the euro and consolidated above the 76.4% Fibonacci level at 1.1695. Thus, today the growth process may continue toward the resistance zone of 1.1789–1.1802. A new close below 1.1695 would work in favor of the U.S. dollar and a fresh decline toward the support zone of 1.1637–1.1645. The wave situation on the hourly chart remains simple and clear. The last completed upward wave broke the previous wave's peak, while the new downward wave has not yet broken the previous low. Therefore, the trend remains "bearish" for now. Recent labor market data and shifting expectations for Fed monetary policy are supporting bullish traders, which is why I expect a trend change to "bullish." For the "bearish" trend to end, price consolidation above the last peak at 1.1779 is required. On Monday, there were few noteworthy events for the market, but bears attacked in the first half of the day not without reason. I remind you that the general news background supports bulls rather than bears, so the new euro decline was unexpected. However, the political crisis in France, which led to the resignation of the fifth prime minister in the last two years, had its impact. I do not think the euro's fall will continue, since the ECB is expected to stick with its current rate policy, while the Fed is highly likely to introduce another monetary easing step at the end of this month. At the same time, the U.S. continues to struggle with the government shutdown, and the labor market remains weak. Bullish traders are still waiting for the right moment to go on the offensive, but for now the trend remains "bearish," which should be kept in mind. The news background on Tuesday will be light, with only Christine Lagarde's speech on the calendar. However, on Monday, the ECB President also spoke without making important statements. On the 4-hour chart, the pair reversed in favor of the euro around the 1.1680 level, but in recent months movements have been almost horizontal. Growth may resume toward the 161.8% retracement level at 1.1854. A consolidation of the pair's rate below 1.1680 would favor the U.S. dollar and open the way for a further decline toward the 127.2% Fibonacci level at 1.1495. No emerging divergences are observed today. Commitments of Traders (COT) Report: During the last reporting week, professional players closed 789 long positions and opened 2,625 short positions. The sentiment of the "Non-commercial" group remains "bullish" thanks to Donald Trump and is strengthening over time. The total number of long positions held by speculators now stands at 252,000, while short positions total 138,000 – a nearly twofold gap. In addition, note the number of green cells in the table above, which reflect a strong buildup of positions in the euro. In most cases, interest in the euro continues to grow, while interest in the dollar falls. For thirty-three consecutive weeks, large players have been shedding short positions and adding longs. Donald Trump's policies remain the most significant factor for traders, as they could cause many problems of a long-term and structural nature for the U.S. Despite the signing of several key trade agreements, many major economic indicators are showing decline. News Calendar for the U.S. and the EU: EU – Speech by ECB President Christine Lagarde (16:10 UTC).On October 7, the economic events calendar contains only one entry, which is important but only relatively so. The impact of the news background on market sentiment on Tuesday may be present. Forecast for EUR/USD and advice to traders: Sales will be possible on a rebound from the 1.1789–1.1802 zone with a target of 1.1695, or on a close below 1.1695. Purchases were possible on a close above 1.1695 on the hourly chart with a target of 1.1789–1.1802. The Fibonacci grids are built from 1.1789–1.1392 on the hourly chart and from 1.1214–1.0179 on the 4-hour chart. The material has been provided by InstaForex Company - www.instaforex.com

Recently, everyone and their mother in crypto is gunning for the deeper pockets that institutional investors provide. With a horde of institutional investment activity on the established coins, decentralised finance (DeFi) platforms are not too far off in securing a bag or two for themselves by tapping into buybacks. For instance, take DeFi platforms like .cwp-coin-chart svg path { stroke-width: 0.65 !important; } Aave AAVE $291.20 0.13% Aave AAVE Price $291.20 0.13% /24h Volume in 24h $469.79M Price 7d With a market cap of $4.96 billion and strong daily volume, UNI remains one of the top 40 cryptocurrencies. EXPLORE: 20+ Next Crypto to Explode in 2025 Key Takeaways DeFi platforms like Aave and Uniswap are adopting buybacks to attract institutional investors Revenue-focused strategies helped Aave and Uniswap generate $600M in fees, up by 76% since March 2025 Aave’s Plasma upgrade drew $6B in deposits, boosting its position in the DeFi ecosystem The post Can DeFi Buybacks Help AAVE And UNI Breach Resistance? Analysts Adjust Their Predictions appeared first on 99Bitcoins.

Most Read: OPEC + Delivers Modest Output Hike, Brent Crude Rises 1.7%. What Next for Oil Prices? EUR/USD continued its slide this morning as a combination of US Dollar strength and concerns around the French political drama rambled on. The most recent news indicates that President Macron has given the outgoing Prime Minister, Sebastien Lecornu, until Wednesday evening to try and get the divided parliament to agree on a new prime minister. It is unclear what will happen if Lecornu is unsuccessful, but the likely choices would be either appointing someone who is an expert but not a politician (a technocrat) or calling for early elections. Resurgent US Dollar Keeps EUR/USD on the Back Foot The US Dollar has surprised many by its resilience over the past two weeks. What could be the driving force of the Greenback stubbornness at the moment? Let us take a look. One of the reasons benefitting the US Dollar may be down to the one-week interest rate which is rather expensive. The current rate rests near 4.15%. With a lack of high impact US data, market participants appear to be staying away from the loading up on US Dollar short positions. Market participants may have also changed their outlook due to an IMF report last week. The prevailing theory of late was that Central Banks were the sellers of US Dollars in April and May, however the IMF data showed the dollar’s share in bank reserves remained about 57% in the second quarter of 2025. That suggests something else could be at work and maybe it was the private sector dumping US Dollar during Q2. The US Government shutdown has not had the impact many market participants had hoped it would. I think many expected the US Dollar to slide if the shutdown drags on. The latest predictions show that people are slightly less worried that this shutdown will become the longest ever (which would be more than 35 days); the chance of that happening is now down to 22%. Nevertheless, markets are scheduled to hear from several officials from the Federal Reserve today, including Bostic, Bowman, and Miran, all speaking between 4:00 PM and 4:30 PM Central European Time (CET). However, I don't expect their comments to significantly change the market's strong belief that the Fed will cut interest rates two more times before the end of the year. As things stand, markets are still pricing in around 44.5 bps of rate cuts through December 2025. Source: LSEG Technical Analysis - EUR/USD From a technical standpoint, EUR/USD is approaching a key confluence level which could prove key to the pair's next move. EUR/USD had broken above a descending trendline from the YTD high, before pushing lower. However, it is approaching the medium term ascending trendline which coincides with a retest of the descending trendline and the 100-day MA around the 1.1626 handle. A break of this level could see the start of a deeper pullback toward the trendline touch and swing low on August 1, resting just below the pivot price of 1.1450. Before that, there is support at 1.1584 and 1.1528 which could come into play and provide some short-term relief. A move higher from here faces resistance at 1.1700 before the 1.1800 swing high and YTD high at 1.1918 comes into focus. EUR/USD Daily Chart, October 7, 2025 Source: TradingView.com (click to enlarge) Client Sentiment Data - EUR/USD Looking at OANDA client sentiment data and market participants are short on the EUR/USD Index with 61% of traders net-short. I prefer to take a contrarian view toward crowd sentiment and thus the fact that so many traders are short means EUR/USD could rise in the near-term. Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

The Perth Mint refines more gold annually than many countries produce, yet many investors overlook this 125-year-old powerhouse. Established during Australia’s gold rush, the Western Australian institution has since become a globally recognized leader in bullion. With government backing, rigorous authentication standards, and exceptional quality control, its gold bars, silver coins, and bullion products stand apart. This article explores Perth Mint’s role in global precious metals markets and why its products are essential to sophisticated investment portfolios. What Is the Perth Mint? Perth Mint is one of the world’s most significant precious metals institutions, combining government ownership, vast refining capacity, and a dual role as both a refinery and sovereign mint. For a video tour of the Mint’s original facility, click here. Historical Foundation The Perth Mint opened its doors in 1899 as a branch of Britain’s Royal Mint, established specifically to process the flood of gold pouring from Western Australia’s Kalgoorlie goldfields. The Western Australian gold rush had transformed the region into one of the world’s most productive gold mining areas, creating an urgent need for local refining capacity. During its first decade alone, the mint processed over 106 million ounces of gold, i.e. more than some modern countries mine in multiple years. Government Backing Since 1970 In 1970, the Western Australian government purchased the Perth Mint from the British government as part of Australia’s transition away from the gold standard. This ownership change transformed how the mint operated: instead of being just another commercial refinery, it became a government-backed institution where the state guarantees every product’s weight, purity, and authenticity. The difference is significant: while private mints rely on their reputation and insurance policies, Perth Mint products carry the full backing of the Western Australian government. Global Refining Powerhouse Today’s Perth Mint processes over 300 tonnes of gold annually, roughly equivalent to the entire annual gold production of Ghana or Peru. The Mint’s LBMA-accredited refinery doesn’t just handle Australian gold; it processes precious metals from across the Asia-Pacific region, making it a central hub in global supply chains. The facility produces everything from 1-ounce retail bars to 400-ounce Good Delivery bars meeting London bullion market standards. Dual Operations Model The Perth Mint operates as both a commercial refinery and a sovereign mint, a combination that’s virtually unique. Its refinery side processes raw gold and silver for mining companies, banks, and other commercial clients. Simultaneously, the mint division produces legal tender coins for collectors and investors, including the famous Australian Kangaroo and the Perth Mint Lunar series that command premium prices worldwide. Perth Mint Location and Facilities The Perth Mint encompasses both its historic 1899 headquarters in central Perth and a modern refinery complex that ranks among the world’s leading precious metals facilities. Geographic Position The Perth Mint is located in Perth, Western Australia. This geographic position provides significant advantages for accessing Asia’s rapidly growing precious metals markets, as Perth’s time zone aligns with key Asian financial hubs including Singapore, Hong Kong, and Tokyo. While traditional bullion centers like London operate during European hours, Perth allows Asian mining companies and dealers to conduct business during their normal working hours, making it a natural refining partner for the region’s gold producers. Original Building The historic 1899 mint building still stands in Perth’s city center as a heritage-listed landmark. While no longer used for commercial production, this sandstone structure now operates as a popular tourist attraction and museum. Visitors can witness live gold pouring demonstrations and view historical displays showing how the original facility processed Western Australia’s gold rush discoveries. Image: The historic 1899 Perth Mint building in Perth, Western Australia. Source: Thrillophilia Modern Facilities Today’s commercial operations take place at a purpose-built industrial complex in Perth’s suburbs. This state-of-the-art facility houses sophisticated refining equipment capable of processing raw precious metals from mining operations into finished investment products. The complex operates multiple production lines that can simultaneously refine raw materials and mint coins or cast bars for retail and institutional customers. Refining Capacity The Perth Mint’s refinery meets some of the world’s most stringent precious metals standards. The facility holds London Bullion Market Association (LBMA) accreditation, which allows it to produce Good Delivery gold and silver bars that trade directly on international markets without additional verification. To earn this status, the Perth Mint must produce 400-ounce gold bars and 1,000-ounce silver bars that meet strict purity and quality requirements, with fewer than 80 refineries worldwide earning this prestigious designation. Perth Mint Gold Products and Specifications The Perth Mint offers a wide range of gold products, from investment-grade bars to collectible legal-tender coins. All carry the same guarantee of weight and purity from the Government of Western Australia, ensuring global recognition and trust. View Blanchard’s Perth Mint gold collection for available options. Perth Mint Gold Bars: A trusted choice for investors at every level Perth Mint gold bars are produced to the highest global standards, each containing 99.99% pure gold. They are widely accepted on international markets thanks to their recognized quality and government guarantee. Image: A stack of gold bars, and the distinctive swan logo from the Perth Mint. Source: Jeweller Magazine Range of sizes Popular sizes include the Perth Mint 1 oz gold bar and 10 oz bars for retail investors, 1 kg bars for more substantial holdings, and 400 oz Good Delivery bars for institutional use. Smaller minted bars (5g, 10g, 20g, etc.) are also available, offering flexibility for different budgets. Security and certification Most bars feature unique serial numbers, tamper-evident packaging, and official assay certification, while larger cast bars can be verified through the Mint’s online database. The Perth Mint logo and stamped purity marks provide additional reassurance of authenticity. Perth Mint Gold Coins: Bullion coins with global recognition The Mint’s coin division serves both bullion investors and collectors, producing a variety of series that combine precious metal content with artistic design. While Perth Mint issues a number of gold coins, the following are its best-known and most widely traded programs. Australian Kangaroo series The Kangaroo is Perth Mint’s flagship bullion coin, released annually with a new kangaroo design. This series appeals to both investors, who value its 99.99% pure gold content and international recognition, and collectors, who appreciate the evolving artwork. Its blend of reliability and variety has made it one of the most traded gold coins worldwide. Image: Two Perth Mint Australian Kangaroo gold coins from 2022 showing the same kangaroo and joey design. Source: Canadian Coin News Perth Mint Lunar series in gold The Perth Mint Lunar Series follows the Chinese zodiac, with each year featuring a different animal symbol. Struck in limited quantities, these coins often command premiums above their gold value, as demand extends beyond investors to collectors seeking complete sets. The Perth Mint Lunar Series has built a strong global following and is regarded as one of the Mint’s most successful collectible programs. Commemorative issues In addition to its flagship bullion ranges, the Mint periodically releases commemorative coins highlighting Australian history, culture, and national milestones. These coins are usually produced in smaller numbers, which enhances their appeal to collectors, while still offering the intrinsic security of government-guaranteed, 99.99% pure gold. Perth Mint Silver Products Perth Mint’s silver range complements its gold offerings, giving investors and collectors access to high-purity bullion backed by the Government of Western Australia. The Mint produces both silver bars for straightforward investment and silver coins that combine bullion value with design appeal, each meeting strict international standards. Browse Blanchard’s Perth Mint silver collection for available products. Silver Bars: Trusted investment bullion All Perth Mint silver bars are refined to at least 99.9% purity, with many newer bullion coins struck in 99.99% fine silver, among the highest global standards. This consistency, combined with LBMA accreditation, ensures their ready acceptance across international markets. Sizes and formats The most widely traded sizes are 1 oz, 10 oz, and 1 kg, covering the needs of both new entrants and larger-scale investors. Smaller minted bars and larger cast bars are also produced, giving buyers a broad choice of entry points. Security and authenticity Bars carry the Perth Mint logo, weight, and purity stamp. Many are sold in tamper-evident packaging, while larger cast bars may also include serial numbers or certificates for added traceability. This makes them both practical for storage and reliable in resale markets. Perth Mint Silver Coins: A wide-ranging bullion program Perth Mint silver coins are well established in global markets, offering both high-volume bullion issues and collectible series with limited mintages. All are struck in 99.9% fine silver and carry legal tender status under Australian law. Australian Kangaroo Introduced in 2016, the silver Kangaroo is the Mint’s core bullion coin. Struck in large numbers with a consistent kangaroo motif, it competes directly with international bullion staples such as the American Silver Eagle and Canadian Maple Leaf. Australian Kookaburra Launched in 1990, the Kookaburra is Perth Mint’s longest-running silver bullion coin. Its annually changing designs of Australia’s iconic bird combine bullion value with strong collector interest, giving each year’s issue unique appeal. Image: The obverse and reverse of the Perth Mint’s 30th Anniversary Australian Kookaburra silver proof coin, featuring selective gold gilding on the kookaburra design and Queen Elizabeth II portrait. Source: Numismatic News Australian Koala Issued annually since 2007, the Koala series also features changing designs. While less widely traded than the Kangaroo or Kookaburra, it retains a loyal collector base. Perth Mint Lunar Series in silver Following the Chinese zodiac, the Lunar coins are produced in various sizes and finishes with limited mintages. Their popularity among collectors often results in premiums above spot value, particularly for complete sets. Image: Two Perth Mint bullion bars featuring the Year of the Snake design from the lunar series, one in gold and one in silver. Source: The Perth Mint Commemorative releases Alongside its flagship programs, the Mint produces special coins marking cultural events and national milestones. These limited editions, sometimes with proof or colorized finishes, appeal mainly to collectors while maintaining guaranteed silver content. Perth Mint Investment: Pros and Cons Weighing both the strengths and limitations of Perth Mint bullion helps investors decide how these products fit into a diversified precious metals portfolio. Understanding the broader benefits of precious metals investing provides context for evaluating Perth Mint’s specific advantages. Advantages Government backing The Western Australian government’s sovereign guarantee covers weight, purity, and authenticity, a level of security that private mints cannot match through insurance alone. This means investors have government recourse if authenticity issues arise, rather than relying solely on corporate warranties that carry counterparty risk if a private mint ceases operations. Global recognition Perth Mint’s 125-year history and LBMA accreditation ensure its products trade easily in major precious metals markets from London to Singapore. Dealers worldwide recognize Perth Mint hallmarks, reducing the need for additional verification when selling and potentially improving resale liquidity compared to lesser-known refiners. Asian market access Perth’s strategic location makes it the preferred refinery for Asian mining companies, supporting liquidity in rapidly expanding Asian precious metals markets. As Asian economies continue expanding their precious metals demand, Perth Mint products may enjoy preferential recognition in these high-growth regions. Understanding the cultural significance of gold in Asian markets helps explain why Perth Mint’s regional positioning offers long-term advantages. Considerations Higher premiums The Perth Mint gold price for bars typically carries 3-5% premiums over spot gold prices, compared to 1-2% for generic rounds, due to their government backing and brand recognition. While this increases upfront costs, established brand recognition often allows these premiums to be recovered upon resale. Perth Mint Certificates and Storage Programs The Perth Mint operates Australia’s only government-guaranteed precious metals storage program. While the Mint’s Certificate Program (PMCP) is now limited to Australian residents, other storage services through the Depository remain available to investors worldwide. Certificate program The Perth Mint Certificate Program (PMCP) offers unallocated storage, allowing investors to own precious metals without physical possession, backed by the Western Australian government guarantee. Investors purchase certificates representing gold or silver held in Perth Mint’s vaults, with the government standing behind the metal’s existence and quality. Minimum investments start at AUD $1,000, and investors can buy or sell portions of their holdings at any time during business hours. Allocated storage For investors preferring specific bars or coins, Perth Mint offers allocated storage where particular numbered products are segregated and identified to individual owners. This service typically requires larger minimum holdings and higher storage fees but provides the security of owning identifiable physical pieces rather than claims on pooled metal. Insurance coverage Unlike private storage facilities that depend on commercial insurance, Perth Mint’s state guarantee reduces counterparty risk by ensuring both the existence and authenticity of stored metals. This is a level of protection that private insurers cannot match. Liquidity features Certificate holders can sell directly back to the Perth Mint at published buyback rates, typically 1–2% below spot for gold and 2–3% for silver. The program also allows investors to convert certificates to physical delivery, though international shipping restrictions apply to overseas customers. Conclusion With 125 years of history, the backing of the Western Australian government, and LBMA accreditation, the Perth Mint holds a distinctive place in global precious metals markets. As Asian economies continue to expand their demand for bullion, the Mint’s strategic location and long-standing ties with regional mining operations reinforce its role as a key player in the future of precious metals. For investors, Perth Mint products combine government-backed assurance with worldwide recognition, offering a level of security that few competitors can equal. Ready to add Perth Mint products to your precious metals portfolio? Explore Blanchard’s comprehensive Perth Mint collection and discover other investment-grade precious metals options available for purchase. FAQs 1. Where is the Perth Mint located? The Perth Mint is located in Perth, Western Australia. 2. When was the Perth mint established? The Perth Mint was established in 1899 as a branch of Britain’s Royal Mint during Australia’s gold rush. It transitioned to Western Australian government ownership in 1970 and has operated continuously for over 125 years. 3. Is Perth Mint gold good? Yes, Perth Mint gold products are considered among the highest quality available. All gold bars contain 99.99% pure gold, exceeding most international standards. The Western Australian government guarantee and LBMA accreditation ensure global recognition and acceptance by dealers worldwide. 4. How to spot fake Perth Mint gold bars? Check for consistent stamping quality and verify serial numbers online. Authentic gold bars feature the official Perth Mint logo, precise weight and purity markings, and unique serial numbers that can be verified through the mint’s online database. Genuine bars come with tamper-evident packaging and official assay certificates. 5. How much is a 1 oz Perth Mint gold bar worth? The Perth Mint 1 oz gold bar trades at current gold spot prices plus a premium for the government guarantee and brand recognition. The post Everything You Need to Know About the Perth Mint: Coins, Bars, and Investment Insights appeared first on Blanchard and Company.

The Perth Mint refines more gold annually than many countries produce, yet many investors overlook this 125-year-old powerhouse. Established during Australia’s gold rush, the Western Australian institution has since become a globally recognized leader in bullion. With government backing, rigorous authentication standards, and exceptional quality control, its gold bars, silver coins, and bullion products stand apart. This article explores Perth Mint’s role in global precious metals markets and why its products are essential to sophisticated investment portfolios. What Is the Perth Mint? Perth Mint is one of the world’s most significant precious metals institutions, combining government ownership, vast refining capacity, and a dual role as both a refinery and sovereign mint. For a video tour of the Mint’s original facility, click here. Historical Foundation The Perth Mint opened its doors in 1899 as a branch of Britain’s Royal Mint, established specifically to process the flood of gold pouring from Western Australia’s Kalgoorlie goldfields. The Western Australian gold rush had transformed the region into one of the world’s most productive gold mining areas, creating an urgent need for local refining capacity. During its first decade alone, the mint processed over 106 million ounces of gold, i.e. more than some modern countries mine in multiple years. Government Backing Since 1970 In 1970, the Western Australian government purchased the Perth Mint from the British government as part of Australia’s transition away from the gold standard. This ownership change transformed how the mint operated: instead of being just another commercial refinery, it became a government-backed institution where the state guarantees every product’s weight, purity, and authenticity. The difference is significant: while private mints rely on their reputation and insurance policies, Perth Mint products carry the full backing of the Western Australian government. Global Refining Powerhouse Today’s Perth Mint processes over 300 tonnes of gold annually, roughly equivalent to the entire annual gold production of Ghana or Peru. The Mint’s LBMA-accredited refinery doesn’t just handle Australian gold; it processes precious metals from across the Asia-Pacific region, making it a central hub in global supply chains. The facility produces everything from 1-ounce retail bars to 400-ounce Good Delivery bars meeting London bullion market standards. Dual Operations Model The Perth Mint operates as both a commercial refinery and a sovereign mint, a combination that’s virtually unique. Its refinery side processes raw gold and silver for mining companies, banks, and other commercial clients. Simultaneously, the mint division produces legal tender coins for collectors and investors, including the famous Australian Kangaroo and the Perth Mint Lunar series that command premium prices worldwide. Perth Mint Location and Facilities The Perth Mint encompasses both its historic 1899 headquarters in central Perth and a modern refinery complex that ranks among the world’s leading precious metals facilities. Geographic Position The Perth Mint is located in Perth, Western Australia. This geographic position provides significant advantages for accessing Asia’s rapidly growing precious metals markets, as Perth’s time zone aligns with key Asian financial hubs including Singapore, Hong Kong, and Tokyo. While traditional bullion centers like London operate during European hours, Perth allows Asian mining companies and dealers to conduct business during their normal working hours, making it a natural refining partner for the region’s gold producers. Original Building The historic 1899 mint building still stands in Perth’s city center as a heritage-listed landmark. While no longer used for commercial production, this sandstone structure now operates as a popular tourist attraction and museum. Visitors can witness live gold pouring demonstrations and view historical displays showing how the original facility processed Western Australia’s gold rush discoveries. Image: The historic 1899 Perth Mint building in Perth, Western Australia. Source: Thrillophilia Modern Facilities Today’s commercial operations take place at a purpose-built industrial complex in Perth’s suburbs. This state-of-the-art facility houses sophisticated refining equipment capable of processing raw precious metals from mining operations into finished investment products. The complex operates multiple production lines that can simultaneously refine raw materials and mint coins or cast bars for retail and institutional customers. Refining Capacity The Perth Mint’s refinery meets some of the world’s most stringent precious metals standards. The facility holds London Bullion Market Association (LBMA) accreditation, which allows it to produce Good Delivery gold and silver bars that trade directly on international markets without additional verification. To earn this status, the Perth Mint must produce 400-ounce gold bars and 1,000-ounce silver bars that meet strict purity and quality requirements, with fewer than 80 refineries worldwide earning this prestigious designation. Perth Mint Gold Products and Specifications The Perth Mint offers a wide range of gold products, from investment-grade bars to collectible legal-tender coins. All carry the same guarantee of weight and purity from the Government of Western Australia, ensuring global recognition and trust. View Blanchard’s Perth Mint gold collection for available options. Perth Mint Gold Bars: A trusted choice for investors at every level Perth Mint gold bars are produced to the highest global standards, each containing 99.99% pure gold. They are widely accepted on international markets thanks to their recognized quality and government guarantee. Image: A stack of gold bars, and the distinctive swan logo from the Perth Mint. Source: Jeweller Magazine Range of sizes Popular sizes include the Perth Mint 1 oz gold bar and 10 oz bars for retail investors, 1 kg bars for more substantial holdings, and 400 oz Good Delivery bars for institutional use. Smaller minted bars (5g, 10g, 20g, etc.) are also available, offering flexibility for different budgets. Security and certification Most bars feature unique serial numbers, tamper-evident packaging, and official assay certification, while larger cast bars can be verified through the Mint’s online database. The Perth Mint logo and stamped purity marks provide additional reassurance of authenticity. Perth Mint Gold Coins: Bullion coins with global recognition The Mint’s coin division serves both bullion investors and collectors, producing a variety of series that combine precious metal content with artistic design. While Perth Mint issues a number of gold coins, the following are its best-known and most widely traded programs. Australian Kangaroo series The Kangaroo is Perth Mint’s flagship bullion coin, released annually with a new kangaroo design. This series appeals to both investors, who value its 99.99% pure gold content and international recognition, and collectors, who appreciate the evolving artwork. Its blend of reliability and variety has made it one of the most traded gold coins worldwide. Image: Two Perth Mint Australian Kangaroo gold coins from 2022 showing the same kangaroo and joey design. Source: Canadian Coin News Perth Mint Lunar series in gold The Perth Mint Lunar Series follows the Chinese zodiac, with each year featuring a different animal symbol. Struck in limited quantities, these coins often command premiums above their gold value, as demand extends beyond investors to collectors seeking complete sets. The Perth Mint Lunar Series has built a strong global following and is regarded as one of the Mint’s most successful collectible programs. Commemorative issues In addition to its flagship bullion ranges, the Mint periodically releases commemorative coins highlighting Australian history, culture, and national milestones. These coins are usually produced in smaller numbers, which enhances their appeal to collectors, while still offering the intrinsic security of government-guaranteed, 99.99% pure gold. Perth Mint Silver Products Perth Mint’s silver range complements its gold offerings, giving investors and collectors access to high-purity bullion backed by the Government of Western Australia. The Mint produces both silver bars for straightforward investment and silver coins that combine bullion value with design appeal, each meeting strict international standards. Browse Blanchard’s Perth Mint silver collection for available products. Silver Bars: Trusted investment bullion All Perth Mint silver bars are refined to at least 99.9% purity, with many newer bullion coins struck in 99.99% fine silver, among the highest global standards. This consistency, combined with LBMA accreditation, ensures their ready acceptance across international markets. Sizes and formats The most widely traded sizes are 1 oz, 10 oz, and 1 kg, covering the needs of both new entrants and larger-scale investors. Smaller minted bars and larger cast bars are also produced, giving buyers a broad choice of entry points. Security and authenticity Bars carry the Perth Mint logo, weight, and purity stamp. Many are sold in tamper-evident packaging, while larger cast bars may also include serial numbers or certificates for added traceability. This makes them both practical for storage and reliable in resale markets. Perth Mint Silver Coins: A wide-ranging bullion program Perth Mint silver coins are well established in global markets, offering both high-volume bullion issues and collectible series with limited mintages. All are struck in 99.9% fine silver and carry legal tender status under Australian law. Australian Kangaroo Introduced in 2016, the silver Kangaroo is the Mint’s core bullion coin. Struck in large numbers with a consistent kangaroo motif, it competes directly with international bullion staples such as the American Silver Eagle and Canadian Maple Leaf. Australian Kookaburra Launched in 1990, the Kookaburra is Perth Mint’s longest-running silver bullion coin. Its annually changing designs of Australia’s iconic bird combine bullion value with strong collector interest, giving each year’s issue unique appeal. Image: The obverse and reverse of the Perth Mint’s 30th Anniversary Australian Kookaburra silver proof coin, featuring selective gold gilding on the kookaburra design and Queen Elizabeth II portrait. Source: Numismatic News Australian Koala Issued annually since 2007, the Koala series also features changing designs. While less widely traded than the Kangaroo or Kookaburra, it retains a loyal collector base. Perth Mint Lunar Series in silver Following the Chinese zodiac, the Lunar coins are produced in various sizes and finishes with limited mintages. Their popularity among collectors often results in premiums above spot value, particularly for complete sets. Image: Two Perth Mint bullion bars featuring the Year of the Snake design from the lunar series, one in gold and one in silver. Source: The Perth Mint Commemorative releases Alongside its flagship programs, the Mint produces special coins marking cultural events and national milestones. These limited editions, sometimes with proof or colorized finishes, appeal mainly to collectors while maintaining guaranteed silver content. Perth Mint Investment: Pros and Cons Weighing both the strengths and limitations of Perth Mint bullion helps investors decide how these products fit into a diversified precious metals portfolio. Understanding the broader benefits of precious metals investing provides context for evaluating Perth Mint’s specific advantages. Advantages Government backing The Western Australian government’s sovereign guarantee covers weight, purity, and authenticity, a level of security that private mints cannot match through insurance alone. This means investors have government recourse if authenticity issues arise, rather than relying solely on corporate warranties that carry counterparty risk if a private mint ceases operations. Global recognition Perth Mint’s 125-year history and LBMA accreditation ensure its products trade easily in major precious metals markets from London to Singapore. Dealers worldwide recognize Perth Mint hallmarks, reducing the need for additional verification when selling and potentially improving resale liquidity compared to lesser-known refiners. Asian market access Perth’s strategic location makes it the preferred refinery for Asian mining companies, supporting liquidity in rapidly expanding Asian precious metals markets. As Asian economies continue expanding their precious metals demand, Perth Mint products may enjoy preferential recognition in these high-growth regions. Understanding the cultural significance of gold in Asian markets helps explain why Perth Mint’s regional positioning offers long-term advantages. Considerations Higher premiums The Perth Mint gold price for bars typically carries 3-5% premiums over spot gold prices, compared to 1-2% for generic rounds, due to their government backing and brand recognition. While this increases upfront costs, established brand recognition often allows these premiums to be recovered upon resale. Perth Mint Certificates and Storage Programs The Perth Mint operates Australia’s only government-guaranteed precious metals storage program. While the Mint’s Certificate Program (PMCP) is now limited to Australian residents, other storage services through the Depository remain available to investors worldwide. Certificate program The Perth Mint Certificate Program (PMCP) offers unallocated storage, allowing investors to own precious metals without physical possession, backed by the Western Australian government guarantee. Investors purchase certificates representing gold or silver held in Perth Mint’s vaults, with the government standing behind the metal’s existence and quality. Minimum investments start at AUD $1,000, and investors can buy or sell portions of their holdings at any time during business hours. Allocated storage For investors preferring specific bars or coins, Perth Mint offers allocated storage where particular numbered products are segregated and identified to individual owners. This service typically requires larger minimum holdings and higher storage fees but provides the security of owning identifiable physical pieces rather than claims on pooled metal. Insurance coverage Unlike private storage facilities that depend on commercial insurance, Perth Mint’s state guarantee reduces counterparty risk by ensuring both the existence and authenticity of stored metals. This is a level of protection that private insurers cannot match. Liquidity features Certificate holders can sell directly back to the Perth Mint at published buyback rates, typically 1–2% below spot for gold and 2–3% for silver. The program also allows investors to convert certificates to physical delivery, though international shipping restrictions apply to overseas customers. Conclusion With 125 years of history, the backing of the Western Australian government, and LBMA accreditation, the Perth Mint holds a distinctive place in global precious metals markets. As Asian economies continue to expand their demand for bullion, the Mint’s strategic location and long-standing ties with regional mining operations reinforce its role as a key player in the future of precious metals. For investors, Perth Mint products combine government-backed assurance with worldwide recognition, offering a level of security that few competitors can equal. Ready to add Perth Mint products to your precious metals portfolio? Explore Blanchard’s comprehensive Perth Mint collection and discover other investment-grade precious metals options available for purchase. FAQs 1. Where is the Perth Mint located? The Perth Mint is located in Perth, Western Australia. 2. When was the Perth mint established? The Perth Mint was established in 1899 as a branch of Britain’s Royal Mint during Australia’s gold rush. It transitioned to Western Australian government ownership in 1970 and has operated continuously for over 125 years. 3. Is Perth Mint gold good? Yes, Perth Mint gold products are considered among the highest quality available. All gold bars contain 99.99% pure gold, exceeding most international standards. The Western Australian government guarantee and LBMA accreditation ensure global recognition and acceptance by dealers worldwide. 4. How to spot fake Perth Mint gold bars? Check for consistent stamping quality and verify serial numbers online. Authentic gold bars feature the official Perth Mint logo, precise weight and purity markings, and unique serial numbers that can be verified through the mint’s online database. Genuine bars come with tamper-evident packaging and official assay certificates. 5. How much is a 1 oz Perth Mint gold bar worth? The Perth Mint 1 oz gold bar trades at current gold spot prices plus a premium for the government guarantee and brand recognition. The post Everything You Need to Know About the Perth Mint: Coins, Bars, and Investment Insights appeared first on Blanchard and Company.

Bitcoin price pushed through resistance and blasted to the roof above its previous all-time high, putting the king back to the top. Most crypto news today reports this records that BTC USD reached above $126,000, while ETH and BNB both delivered double‑digit gains over the past week. Bitcoin’s dominance remains above 58%, which is not bad, as it means that altcoins still have room to pump. (source – BTC Dominance, TradingView) Massive flows into Bitcoin are responsible for this price run. Nearly 985 million USD was funneled into BTC ETFs last week alone. Data reveals BTC USD futures open interest surged about 15% as institutional players stepped back in. Yet, even with Bitcoin USD price leading, the momentum behind ETH and BNB deserves close attention. Market Cap 24h 7d 30d 1y All Time DISCOVER: Best Meme Coin ICOs to Invest in Today ETH Lags, But The Sleeper, BNB, Has Awakened as BTC Showing Strength Against USD: Bitcoin Price Still The Catalyst? Though many had predicted .cwp-coin-chart svg path { stroke-width: 0.65 !important; } Ethereum ETH $4,697.61 2.56% Ethereum ETH Price $4,697.61 2.56% /24h Volume in 24h $38.31B Price 7d Buy with Best Wallet price rally anchors sentiment, but crypto, today, increasingly spotlights the outperformance potential in ETH and BNB USD pairs. While Ethereum gathers strength quietly, BNB has already delivered its surprise punch. Total crypto market cap now nears $4.33 trillion, mostly because of aggressive inflows across the space. Once Bitcoin USD price moves sideways, attention may shift from BTC dominance toward the layer‑1 ecosystems. BNB has already done some huge moves against USD, but will ETH follow? (source – Crypto Market Cap, CoinGecko) DISCOVER: 15+ Upcoming Coinbase Listings to Watch in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates 25 minutes ago Is Altcoin Season Here? Stablecoin Dominance Tumbles as Smart Money Bid Best Crypto Presales By Akiyama Felix The crypto market is heating up again, and this time, data suggests a significant rotation may already be underway. Stablecoin dominance is dropping sharply, with USDT’s market share tumbling 11.8% in the last week to 4.22%, signaling a shift away from safe-haven liquidity into higher-risk plays. Meanwhile, the TOTAL3 chart, which tracks the market cap of all cryptocurrencies excluding Bitcoin and Ethereum, hit an all-time high of $1.18 trillion, a clear sign that capital is flooding back into altcoins. For traders looking to catch this wave, the best crypto presales are becoming the early hunting ground for smart money, especially as altcoin season indicators start flashing green. (Source – TradingView) Read the full story here. 2 hours ago CAKE Crypto To Breakout to $10 After CAKEPAD Launch: Is CAKE Price Set to Go Berserk? By Akiyama Felix Could CAKE crypto be gearing up for its next big rally? Following the official CakePad launch on October 6, 2025, PancakeSwap’s native token CAKE surged nearly 14%, reclaiming the spotlight in the DeFi and crypto market. The update is part of the project’s Tokenomics 3.0 push, a plan centered on deflation, accessibility, and utility expansion. Traders now wonder: could this finally be the breakout that sends the CAKE price toward the long-awaited $10 mark? With PancakeSwap leading the DEX landscape, this could mark the start of a new era for CAKE holders. Market Cap 24h 7d 30d 1y All Time Read the full story here. The post Latest Crypto Market News Today, October  7: Bitcoin Price Soars as Predicted, BTC Dominance Steady, ETH and BNB USD Pairs Post Gains appeared first on 99Bitcoins.

An analyst has pointed out how Ethereum has seen a sell signal on the Tom Demark (TD) Sequential alongside the retest of a key resistance line. Ethereum Is Trading Around Upper Boundary Of Descending Channel In a new post on X, analyst Ali Martinez has talked about how Ethereum is looking from a technical analysis (TA) perspective. First, Martinez has pointed out that ETH has been trading inside a Descending Channel for the last couple of months. The Descending Channel refers to a consolidation pattern that forms whenever an asset’s price travels between two parallel lines that are sloped downward. It’s a type of Parallel Channel. Below is the chart shared by the analyst that shows the Descending Channel for Ethereum’s 12-hour price. From the graph, it’s visible that Ethereum fell toward the lower level of the Descending Channel in late September, but found support at it and rebounded back up. The lower boundary of all Parallel Channels is assumed to be a source of support, so this would fit with the pattern. Since the rebound, ETH has made its way back up to the upper boundary of the channel. At the time Martinez made the post, the coin was just retesting it, but it has since added to its gains and is now looking to achieve a sustainable break past the resistance. Ethereum has made three attempts at breaking this barrier in the last two months, so it only remains to be seen whether the latest move above the line will last. Something that could make the sustainability of the rally harder is another TA alert that has appeared for the asset: a TD Sequential signal. TD Sequential is an indicator that’s generally used for locating potential points of reversal in any asset’s price. It involves two phases, called the setup and countdown. In the former of these, the indicator counts candles of the same color up to nine. Once these nine candles are in, it gives a top or bottom signal, depending on the color of the candles. The countdown picks off right where the setup ends and runs the count for another round, except this time it measures thirteen candles, not nine. Following these thirteen candles, the coin could be considered to have reached another turnaround. The latest TD Sequential signal in Ethereum has come after nine green candles, meaning that from the perspective of the indicator, bullish trend may be reaching a state of exhaustion. With both the resistance and this signal looming over ETH’s head, the rally could face a challenge. Based on where the midline and bottom line of the Descending Channel lie, the analyst says, “a rejection here could send Ethereum to $4,100 or even $3,780.” ETH Price At the time of writing, Ethereum is trading around $4,730, up almost 13% over the last week.

The crypto market continued its bullish momentum today as Bitcoin .cwp-coin-chart svg path { stroke-width: 0.65 !important; } Bitcoin BTC $123,550.04 0.31% Bitcoin BTC Price $123,550.04 0.31% /24h Volume in 24h $59.58B Price 7d Learn more , Solana meme coins, surged 35% today, outperforming most crypto projects and confirming that speculative capital is rotating across different ecosystems. With Bitcoin’s record high boosting overall sentiment, meme coins are once again commanding market attention. 17 minutes ago Amdax Raises $35M to Build Bitcoin Treasury: Dutch Firm Targets 1% of BTC Supply By Fatima Dutch crypto firm Amdax has raised €30 million ($35 million) to launch its new initiative, the Amsterdam Bitcoin Treasury Strategy (AMBTS). The project aims to accumulate up to 210,000 BTC, representing about 1% of Bitcoin’s total supply, which would make Amdax the second-largest corporate Bitcoin holder after MicroStrategy. Amdax CEO Lucas Wensing called the funding milestone “a key step toward offering investors transparent access to Bitcoin as a treasury asset.” The company plans to begin accumulating BTC immediately, following its successful funding round completed in late September. With Bitcoin recently hitting a new all-time high at $126,080 before stabilizing near $123,879, corporate interest in BTC as a reserve asset continues to grow. The post [LIVE] Crypto News Today, October 7 – Bitcoin USD and BNB Reach New All-Time Highs as Meme Coins Rally: Best Meme Coins to Buy in October appeared first on 99Bitcoins.

Key takeaways Nikkei 225 hits new record high, rising 6.5% since 23 September 2025 amid optimism over Japan’s incoming Prime Minister, Sanae Takaichi.Expansionary fiscal policy expected, with higher government spending and increased JGB issuance to boost wages and corporate profits.Steepening JGB yield curves continue to correlate positively with the Nikkei 225’s bullish momentum.Medium-term bullish bias remains intact, with key support at 45,930 and potential targets between 50,090 and 51,220. This is a follow-up analysis and timely update of our prior report, “Nikkei 225: Bullish reversal above 45,000, no negative impact from BoJ’s ETF unwind”, published on 23 September 2025. Price actions of the Japan 225 CFD Index (a proxy of the Nikkei 225 futures) have shaped the expected bullish move. All in all, it rallied by 6.5% to hit a fresh intraday all-time high of 48,668 on Monday, 6 October 2025’s US session from 23 September 2025. The bullish tone has been reinforced by the weekend election of fiscal and monetary dove Sanae Takaichi as the leader of the LDP ruling party in Japan, and she is likely to become Japan's new prime minister. Let’s now focus on one key macro factor that can further boost the ongoing major and medium-term uptrend phases of the Nikkei 225. Further steepening of the JGB yield curve Fig. 1: JGGs yield curve with Nikkei 225 major trends as of 7 October 2025 (Source: TradingView) The incoming new Japanese premier, Takaichi, a protegée of the late former Prime Minister Shinzo Abe, is considered a pro-fiscal stimulus conservative who is likely to embark on an expansionary fiscal policy to increase Japanese workers’ wages and corporate profits. Aggressive fiscal expansion is going to be financed by higher Japanese Government Bonds (JGB) issuance, especially via the long-dated JGBs such as the 30-year tenure. The major bullish breakout (steepening conditions) of the JGB yield curves (both 10-year and 30-year against the 2-year) since June 2022 has a direct correlation with the movements of the Nikkei 225 (see Fig. 1). The major uptrend phases of the JGB yield curves' steepening remain intact so far, and since Friday, 3 October 2025, the 30-year/2-year JGB yield curve has steepened further by 16 basis points (bps) to 2.38% on Tuesday, 7 October 2025. In addition, the 10-year/2-year JGB yield curve steepened by a lower magnitude of 8 bps to 0.77%. The continuation of a further steepening of the JGB yield curves is likely to trigger another round of a positive feedback loop in the Nikkei 225. We shall now turn our attention to the medium-term (1 to 3 weeks) trajectory, key elements, and key levels to watch on the Japan 225 CFD Index from a technical analysis perspective. Fig. 2: Japan 225 CFD Index medium-term trend as of 7 Oct 2025 (Source: TradingView) Preferred trend bias (1-3 weeks) Bullish bias with risk of a minor corrective pull-back to cover Monday, 6 October 2025’s gapped up for the Japan 225 CFD Index. Medium-term pivotal support at 45,930 for the next potential bullish impulsive up move sequence to materialize for the next medium-term resistances to come in at 50,090/50,220 and 51,030/51,220 (Fibonacci extension clusters) (see Fig. 2). Key elements The price actions of the Japan 225 CFD Index have continued to oscillate within a medium-term ascending channel since the April 2025 low. The upper boundary of the medium-term ascending channel is projected to act as a resistance zone at 50,090/51,220.The 45,930 key medium-term pivotal support also confluences closely with the rising 20-day moving average.The 4-hour RSI momentum indicator of the Japan CFD Index has reached an extreme overbought level of 87.50 on Monday, 6 October 2025. It's highest overbought level in four years since 6 September 2021. These observations highlight an increased risk of an imminent minor corrective pull-back sequence in the price actions of the Japan 225 CFD Index.Alternative trend bias (1 to 3 weeks) A break below the 45,930 key medium-term support for the Japan 225 CFD Index put the bulls on the backseat for a deeper corrective pull-back sequence to unfold to expose the next medium-term supports at 44,485 and 43,210 (also the 50-day moving average). Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

As BitMine continues to bet on Ethereum (ETH), the King of Altcoins is eyeing a crucial resistance level that could set the stage for a new breakout, leading some analysts to suggest that a new all-time high (ATH) is around the corner. Ethereum Ready For New Highs? On Monday, Ethereum rallied to a multi-week high of $4,718 following the start of the “Uptober” market rally that has sent Bitcoin (BTC) and BNB to new highs. Notably, the King of Altcoins has bounced 23% from the recent September correction, which sent the cryptocurrency’s price to a local low of $3,815. Now, ETH nears the upper boundary of its macro range high for the first time in almost a month. The altcoin has been trading within the $3,600-$4,800 price range since the early Q3 breakout, which also served as a crucial area during the 2021 ATH rally. After retesting the range’s mid-zone last week, some analysts suggested that a weekly close above the $4,200 mark would enable its price to reclaim the $4,600 area and position itself for new highs. Meanwhile, other market watchers noted that breaking past the $4,500 resistance would set the base for a challenge of the macro range highs. Since then, the cryptocurrency has reclaimed those two crucial levels, closing the week around the $4,514 area and currently attempting to turn the $4,700 mark into support. Amid this performance, Titan of Crypto highlighted that ETH has broken out of a “textbook continuation pattern” on its weekly chart. He previously signaled that the cryptocurrency needed to break out of its bull flag formation for a potential 50% run. According to the analyst, after reclaiming the $4,500 mark, Ethereum now eyes a rally toward the $6,900 target. Meanwhile, Crypto Jelle forecasted that ETH’s main target remains around the $10,000 mark. Per the post, Ethereum “looks ready for continuation” after breaking out of its multi-year bullish megaphone pattern and retesting its upper boundary as support. BitMine’s ETH Treasury Hits $13 Billion Throughout Ethereum’s recent correction and price recovery, corporations have continued to bet on the King of Altcoins, pouring millions of dollars over the past week for their ETH-focused Digital Asset Treasury (DAT) strategies. BitMine, the largest Ethereum-based treasury company, announced that it had increased its holdings in the past week. In a Monday statement, the second-largest crypto treasury in the world revealed that its ETH holdings had surpassed the $13 billion mark. In late September, the company shared it had achieved the 2% milestone of its goal to own 5% of Ethereum’s total supply, with a total of 2.4 million ETH tokens. Now, BitMine holds $13.4 billion in assets, including 2,830,151 ETH, 192 BTC, $113 million stake in Eightco Holdings for its “Moonshot” initiative, and unencumbered cash of $456 million. The company is also the 28th most traded stock in the US, the announcement noted, with an average daily volume of $2.5 billion, according to 5-day average data from Fundstrat. BitMine’s chairman, Thomas “Tom” Lee, shared that the company spent the past week at the TOKEN2049 conference, which took place in Singapore, where their team “sat down with Ethereum core developers and key ecosystem players.” Following the event, the company remains “confident that the two Supercycle investing narratives remain AI and crypto,” he affirmed, adding that “these two powerful macro cycles will play out over decades.” “Naturally, Ethereum remains the premier choice given its high reliability and 100% uptime,” he concluded. As of this writing, ETH is trading at $4,710, a 13% increase in the weekly timeframe.

Asia Market Wrap - Asian Stocks Advance Most Read: USD/JPY Price Outlook: Key Levels, BoJ, and Political Risks Asian stocks advanced as tech stocks continue to drive the rally. It seems the deal between Advanced Micro Devices and OpenAI gave investors a boost. The MSCI Asian‑Pacific Index was up about 0.3 percent, touching a record level. Japanese shares kept climbing, while worldwide markets also nudged toward peaks. Yet worries about a US government shutdown and turmoil in France seemed to push some people toward safe assets. Gold and Bitcoin both hit fresh highs. A sign that concerns still linger? Tech firms still anchor the global rise. The AMD‑OpenAI partnership could be another data‑center project this year. It follows Nvidia’s earlier promise to spend up to $100 billion on OpenAI, a move that appears aimed at meeting growing AI demand. European Session - Shell Jumps as Energy Shares Gain European stock markets were mostly unchanged on Tuesday, as losses in the industrial and healthcare sectors were balanced out by gains in energy companies and luxury stocks. The main STOXX 600 index was steady at 570.2 points. French stocks also stabilized after their sharp drop yesterday following the sudden resignation of the Prime Minister. The outgoing Prime Minister is holding final talks with political parties today and tomorrow. On the downside: Healthcare stocks fell 0.6%, with major companies like Germany's Bayer and Denmark's Novo Nordisk both dropping around 2%. Top defense companies, including Rheinmetall and BAE Systems, also lost about 1%. Helping to support the market: Oil and gas stocks were boosted, rising 1.9%. Energy giant Shell saw its shares climb after it predicted higher production and better trading results for liquefied natural gas in the third quarter. Luxury goods companies LVMH and Kering saw their shares rise by 1.8% and 2.2% respectively, after Morgan Stanley upgraded its rating on them. In company news, discount retailer B&M fell sharply by about 15% after predicting a 28% drop in its core earnings for the first half of the year, leading to a forecast of lower annual profit. Shares of the major oil company Shell rose 1.9% to 2790.5 pence, making it the second-biggest gainer on the FTSE 100. The company announced several updates. The company raised its forecast for the third quarter's production of Liquefied Natural Gas (LNG) to between 7.0 and 7.4 million metric tons. It also expects that its trading results for the integrated gas division in the third quarter will be significantly higher than they were in the second quarter. However, Shell also stated it will take a $600 million financial hit due to the cancellation of its Rotterdam biofuels project. Even with this loss, the company's stock has performed well this year, having climbed over 10.5% year-to-date as of its last closing price On the FX front, the Japanese yen continued to weaken on Tuesday, falling to its lowest level against the dollar in two months. The yen slid 0.1% to 150.46 per dollar (after touching a low of 150.62). It also hit a fresh all-time low against the euro at 176.35 before regaining some ground. This move comes as attention in Japan shifts to who the new pro-stimulus party leader, Sanae Takaichi, will name to her government. Meanwhile, the US dollar index edged up 0.1% to 98.23. The euro slipped 0.1% to trade at 1.1694, extending its losses from the previous day. The British pound also weakened 0.1% to 1.3463. In commodity currencies, the Australian dollar fell 0.1% to 0.6608, and the New Zealand dollar dropped 0.3% to 0.5822. In the cryptocurrency market, Bitcoin declined 0.7% to 124,334.94, while Ether rose 0.5% to 4,713.78. Currency Power Balance Source: OANDA Labs Oil prices continued to rise on Tuesday. The rise in Oil prices are largely down to the fact that the OPEC+ group announced a smaller production increase for November than expected, which eased some of the worries about the market having too much supply. Specifically, Brent crude increased by 0.29% to 65.66 a barrel, and US West Texas Intermediate (WTI) crude climbed 0.31% to reach 61.88 a barrel. For more on the OPEC + output hike and Oil prices, read OPEC + Delivers Modest Output Hike, Brent Crude Rises 1.7%. What Next for Oil Prices? Gold prices reached another record high on Tuesday. This surge is due to two main reasons: the ongoing US government shutdown, which shows no sign of ending, and the near certainty that the US Federal Reserve will cut interest rates this month. Spot gold rose 0.1% to trade at 3,962.63 per ounce, after earlier setting a new all-time high of 3,977.19. US gold futures for December delivery also gained 0.2% to reach $3,985.30. Most Read: Gold (XAU/USD) set to challenge $4,000 as prices renew all-time highs in today’s session - Potential targets and price forecast Economic Calendar and Final Thoughts Looking at the economic calendar, it is a rather quiet day from a data perspective for both the US and European sessions. The day will be dominated by a host of Central Bank speakers with ECB President Christine Lagarde and the Feds Stephen Miran's comments likely to get the most attention. For more information on the week ahead, read Markets Weekly Outlook - Navigating the US Shutdown & Global Trends as Equity Markets Continue to Soar For all market-moving economic releases and events, see the MarketPulse Economic Calendar. (click to enlarge) Chart of the Day - DAX Index From a technical standpoint, the DAX index has pulled back to the top of the channel it broke out of last week. This sets the index up for a potential 900 point rally to the upside. Given that global equities have started the week on the front foot, European equities are lagging which could bode well for the DAX if price can hold above the 24200 level in the early part of the week. Yesterday we saw a hammer candlestick close on the daily timeframe which does support further upside. However, this morning we are seeing a pullback in the DAX which may present a better risk-to-reward opportunity for would be longs. Immediate upside resistance for now rests at 24500 before the 24665 swing high from July 10 comes into focus. A move to the downside will face support at 24200 before the confluence area around 24000 comes into focus. DAX Index Daily Chart, October 7. 2025 Source: TradingView.com (click to enlarge) Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

On the hourly chart, the GBP/USD pair on Monday made two rebounds from the 76.4% retracement level at 1.3425, turned in favor of the pound, and rose to the 61.8% Fibonacci level at 1.3482. A rebound of quotes from this level would allow for a reversal in favor of the U.S. dollar and a return to 1.3425. A consolidation of the pair's rate above 1.3482 will increase the likelihood of further growth toward the levels of 1.3528 and 1.3574. The wave situation remains "bearish." The last completed downward wave broke the previous low, while the last upward wave did not break the previous peak. Over the past week, the news background has been negative for the U.S. dollar, but bullish traders have not yet taken advantage of the opportunities to advance. To cancel the "bearish" trend, the pair needs to rise above 1.3528. On Monday, there was no news background for the pound. Bank of England Governor Andrew Bailey did not touch on monetary policy in his speech, and no other significant news occurred during the day apart from the political crisis in France. I note that for the pound, the French political crisis means nothing, since the UK has left the EU. Thus, GBP/USD traded sideways all day, confined between 1.3425 and 1.3482. Within this range, trading on rebounds is quite possible, while one can only count on a trend after the price exits the restricted zone. Since the "bearish" trend has not yet been canceled, a new decline remains possible. The news background is difficult to interpret in favor of the bears, but over the past week and a half, we can see that the bulls are not ready for a new offensive. Bears may continue to take advantage of this. Today, again, no interesting events are expected in either the UK or the US. Thus, the pound may continue trading between 1.3425 and 1.3482 today. On the 4-hour chart, the pair rebounded from the 1.3339 level and turned in favor of the British pound. Consolidation above the 100.0% Fibonacci level at 1.3435 allows for expectations of continued growth toward the 127.2% retracement level at 1.3795. No emerging divergences are seen today on any indicator. A new decline in the pound could be expected after consolidation below 1.3339. Commitments of Traders (COT) Report: The sentiment of the "Non-commercial" category of traders became more "bullish" in the last reporting week. The number of long positions held by speculators increased by 3,704, while the number of shorts decreased by 912. The gap between the number of longs and shorts is now essentially the following: 85,000 versus 86,000. Bullish traders are once again tipping the scales in their favor. In my view, the pound still faces prospects for decline, but with each passing month the U.S. dollar looks weaker and weaker. Whereas previously traders worried about Donald Trump's protectionist policies without fully understanding what results they might bring, now they may worry about the consequences of these policies: a possible recession, the constant introduction of new tariffs, Trump's fight against the Federal Reserve, which could result in the regulator becoming "politically controlled" by the White House. Thus, the pound now looks much less risky than the U.S. currency. News Calendar for the U.S. and the UK: On October 7, the economic events calendar contains no important entries. The news background will have no influence on market sentiment on Tuesday. Forecast for GBP/USD and advice to traders: Sales of the pair were possible on a rebound from the 1.3482 level with targets at 1.3425 and 1.3357 on the hourly chart. New sales – if the pair closes below 1.3425, with targets at 1.3332–1.3357. Purchases could be considered on a rebound from 1.3425 with targets at 1.3482 and 1.3528. The first target has already been worked out. New purchases – on a fresh rebound from 1.3425. The Fibonacci grids are built from 1.3332–1.3725 on the hourly chart and from 1.3431–1.2104 on the 4-hour chart. The material has been provided by InstaForex Company - www.instaforex.com

The stock market continues its upward climb despite multiple concerns. Overvalued fundamentals, trade tariffs, and a government shutdown — all of these typically spell trouble for the S&P 500. Yet the broad U.S. equity index continues to "find the good in the bad." It has now recorded its 32nd all-time high of the year, driven by optimism in artificial intelligence (AI) and expectations ahead of the upcoming corporate earnings season. Contributing to the rally was also a statement from the U.S. President regarding negotiations with the Democrats. S&P 500 Corporate Earnings Outlook According to Bloomberg analysts, corporate earnings for S&P 500 companies are expected to grow by 7.2% in the July–September quarter, the smallest increase in two years. However, Goldman Sachs believes this consensus estimate is too conservative. In their view, the robust U.S. economy and promising developments in AI technologies suggest actual results will beat expectations. Goldman especially highlights the so-called "Magnificent Seven" tech giants as the primary performers of earnings. Morgan Stanley also maintains a strongly bullish outlook—the firm projects even greater profits in 2026, supported by a decelerating U.S. inflation rate. The negative impact of tariffs will eventually be reflected in consumer prices, which are expected to rise at a slower pace. Edwards Asset Management is even more optimistic, forecasting that the S&P 500 could reach the 7000 mark as early as 2025. The primary drivers of the rally include strong corporate earnings, a wave of stock buybacks, and the $7 trillion currently parked in U.S. money market funds. As the Federal Reserve reduces the federal funds rate, this liquidity is expected to flow into equities. As such, the S&P 500 has essentially shrugged off the government shutdown, relying instead on its key tailwinds: artificial intelligence, a still-strong U.S. economy, the Fed's monetary expansion, and expectations of a favorable earnings season. This resulted in a 7-day winning streak — the longest streak since May. S&P 500 Price Momentum U.S. President Donald Trump's recent speech added fuel to the bulls' fire. He spoke about ongoing negotiations with Democrats aimed at reaching a healthcare deal to reopen the government. Democrats responded that no talks are currently underway, but welcomed the President's willingness to make concessions. If the government shutdown ends soon, the U.S. economy could gain momentum and provide the Federal Reserve with the necessary data to continue monetary stimulus. This scenario would bode well for U.S. equity markets. Investors are likely to keep "climbing the wall of worry," buying the dips along the way. Technical ViewOn the daily chart, the S&P 500 has formed two consecutive doji bars with conflicting wicks. This signals growing market indecision and increases the risk of a pullback if prices fall below the 6720 level. Still, there is little doubt about the strength of the current uptrend. As such, short-term dips may be viewed as buying opportunities, with previously stated targets at 6800 and 6920. The material has been provided by InstaForex Company - www.instaforex.com

Trend Analysis (Fig. 1). On Tuesday, from the level of 1.3482 (yesterday's daily candle close), the market may begin moving downward toward the target of 1.3417 – the 23.6% retracement level (blue dotted line). Upon testing this level, the price may possibly start moving upward, targeting the 50% retracement level at 1.3432 (yellow dotted line). Fig. 1 (Daily Chart). Comprehensive Analysis: Indicator analysis – downward;Volumes – downward;Candlestick analysis – downward;Trend analysis – downward;Bollinger Bands – downward;Weekly chart – downward.General conclusion: Downward trend. Alternative scenario: From the level of 1.3482 (yesterday's daily candle close), the price may begin moving downward toward the target of 1.3425 – the 76.4% retracement level (red dotted line). Upon testing this line, the price may possibly start moving upward, targeting the 50% retracement level at 1.3432 (yellow dotted line). The material has been provided by InstaForex Company - www.instaforex.com

Trend Analysis (Fig. 1). On Tuesday, from the level of 1.1709 (yesterday's daily candle close), the market may continue moving downward toward the target of 1.1655 – the 50% retracement level (blue dotted line). Upon testing this level, the price may possibly rebound upward toward the 14.6% retracement level (red dotted line). Fig. 1 (Daily Chart). Comprehensive Analysis: Indicator analysis – downward;Volumes – downward;Candlestick analysis – downward;Trend analysis – downward;Bollinger Bands – downward;Weekly chart – downward.General conclusion: Downward trend. Alternative scenario: From the level of 1.1709 (yesterday's daily candle close), the price may continue moving downward toward the target of 1.1645 – the lower fractal (red dotted line). Upon testing this level, the price may possibly rebound upward toward 1.1655 – the 50% retracement level (blue dotted line). The material has been provided by InstaForex Company - www.instaforex.com

The Ethereum price has recently demonstrated significant momentum, leading the altcoin market with a significant 13% increase over the past week. This surge has brought the cryptocurrency close to its all-time high, prompting a new wave of bullish predictions. Analysts Forecast Further Gains Market analyst Mags on social media platform X (formerly Twitter), highlighted a key milestone for the Ethereum price: after 1,146 days of price consolidation, the market’s second-largest cryptocurrency finally broke through the critical $4,000 level. Historically, Ethereum made three attempts to surpass this threshold, encountering setbacks each time. However, in August, the fourth attempt proved successful, and the token has been consolidating above the $4,000 mark for several months. While there was a momentary setback when the price dipped to $3,800, bullish sentiment quickly returned, pushing the Ethereum price back above the $4,000 level and initiating a robust V-shaped recovery. This technical pattern, according to the analyst, is highly bullish for the leading altcoin, with Mags suggesting that the next upward leg could target a new record price for ETH of $7,331, also aligning with the 1.618 Fibonacci extension level. Potential Ethereum Price Surge To $10,000 Macroeconomic factors also play a significant role in Ethereum’s potential for further gains. Analysts at CryptoQuant note that the US M2 money supply has entered a renewed expansion phase, hitting a record high of approximately $22.2 trillion. Bitcoin (BTC) was the first to reflect this increase, soaring by over 130% since 2022 and showing a strong correlation with M2 growth of around 0.9. By contrast, the Ethereum price performance has lagged behind, rising by just around 15% during the same period, a phenomenon dubbed “liquidity lag” by the analysts. However, on-chain data compiled by CryptoQuant indicates that this gap may be narrowing. Notably, Ethereum’s exchange reserves have decreased to roughly 16.1 million ETH, a drop of more than 25% since 2022. This suggests a structural decline in selling pressure, as netflows to exchanges remain consistently negative, indicating that ETH is being withdrawn for self-custody. Additionally, the Coinbase Premium Index has turned positive, signaling renewed interest from US institutional investors. Past cycles have shown the Ethereum price tends to trail Bitcoin during the initial stages of monetary easing cycles. Yet, as Bitcoin’s dominance dips below 60%, capital often rotates into the altcoin market, leading to a rise in the ETH/BTC ratio. CryptoQuant analysts assert this pattern appears to be re-emerging, hinting that the remainder of the year could see a shift away from a Bitcoin-centric market toward one driven by Ethereum and other altcoins. If global liquidity continues to expand and the trend of outflows from exchanges persists, the Ethereum price may align more closely with M2 growth, entering a new phase of revaluation. In such a scenario, ETH’s prospect of reaching $10,000 becomes increasingly possible, the analysts further added. Featured image from DALL-E, chart from TradingView.com

Yesterday, gold set a new all-time high, approaching the $4,000 per ounce mark. This occurred amid rising market uncertainty driven by the U.S. government shutdown and the ongoing political crisis in France. In addition, global economic instability and slowing growth in China have added to investor nervousness, prompting a shift toward safer currencies and assets. The price of gold rose to $3,977.44 per ounce after gaining 1.9% on Monday. The U.S. government shutdown, now in its second week, has deprived investors of key economic data needed to assess the state of the U.S. economy. This complicates the Federal Reserve's ability to evaluate shifting conditions. Traders continue to price in a 25-basis-point rate cut this month, which is supportive for gold as it doesn't yield interest. The political crisis in France is further dampening investor sentiment. Instability in one of the eurozone's largest economies poses risks for the entire currency bloc, raising concerns that fresh economic problems may emerge. In such conditions, gold, as a traditional safe-haven asset, is experiencing significant demand. As a reminder, French Prime Minister Sebastien Lecornu resigned after unsuccessful attempts to reach a consensus with political parties regarding budget expenditures. This stalemate has derailed efforts to curb what is currently the largest budget deficit within the eurozone. The combination of the U.S. government shutdown and political instability in France has created a favorable environment for gold. Investors are looking to shield their assets from risk, and precious metals remain one of the most reliable methods for doing so. In the short term, further price appreciation in gold can be expected. However, long-term prospects remain uncertain, depending on several unpredictable factors. U.S. President Donald Trump has been a major driver of gold's rally this year, with his aggressive actions in reshaping global trade and geopolitics triggering a flight to safety and a move away from the U.S. dollar. Central banks and gold-backed ETFs have been eagerly buying gold, and the Fed's rate cuts—and the likelihood of further cuts—have only supported this trend. Goldman Sachs Group Inc. has raised its price forecast for December 2026 from $4,300 to $4,900 per ounce, citing inflows into ETFs and increased central bank purchases. Silver remains stable above $48 per ounce, as does platinum, while palladium has continued to climb. Technical OutlookFrom a technical perspective, gold buyers need to break through the nearest resistance at $4,008. This would open the way to $4,062, although overcoming this level could prove quite difficult. The longer-term target sits around the $4,124 area. If gold prices fall, bears will attempt to reclaim control at $3,954. A successful breach of this range would deal a serious blow to the bullish trend and push gold toward the $3,906 level, with the potential to reach as low as $3,849. The material has been provided by InstaForex Company - www.instaforex.com

Trade Analysis and USD/JPY Trading TipsThe price test at 150.26 occurred when the MACD indicator had just started to move down from the zero line, confirming it as a valid entry point for selling the dollar. This signal led to a drop in the pair of over 40 points. A moderate decline in the dollar occurred yesterday afternoon following yet another failed round of budget talks between Republicans and Democrats, which resulted in an extended government shutdown. As is commonly known, a shutdown erodes confidence in the U.S. economy. Moreover, the shutdown has a direct impact on the flow of economic data. When government agencies cease operations, it causes delays in reports on key economic indicators, increases uncertainty, and creates difficulties for analysts and businesses. The lack of timely economic data distorts the overall picture of economic conditions. Despite this, the Japanese yen did not record any substantial gains. News of the appointment of a new Prime Minister in Japan, announced yesterday, continues to exert downward pressure on the Japanese currency. The new leader has made it clear that they intend to maintain a soft stance regarding upcoming reforms and are ready to reintroduce economic stimulus measures. This contradicts the Bank of Japan's intention to raise interest rates. Today, I will primarily rely on Buy Scenarios #1 and #2. Buy ScenariosScenario #1: I plan to buy USD/JPY today at the 150.58 level (indicated by the thin green line on the chart), with an upside target at 150.97 (indicated by the thick green line). Around the 150.97 level, I intend to exit the long trade and open a sell position in the opposite direction, aiming for a 30–35 pip pullback. Buying the pair is most effective during corrections or following significant drops in USD/JPY. Important: Before buying, ensure that the MACD indicator is above the zero line and just starting to rise. Scenario #2: I will also consider buying USD/JPY if the price tests the 150.30 level twice consecutively while the MACD is in oversold territory. This should limit the pair's downside potential and trigger a reversal to the upside. The expected price targets in this case are 150.58 and 150.97. Sell ScenariosScenario #1: I plan to sell USD/JPY only after the price breaks through the 150.30 level (indicated by the thin red line on the chart), which would likely trigger a sharp downward move. The key target for sellers will be 149.98 (thick red line), where I intend to close the short position and immediately open a buy in the opposite direction, aiming for a 20–25 pip rebound. It's best to sell from as high a point as possible. Important: Before selling, ensure the MACD indicator is below the zero line and just starting to fall. Scenario #2: I also plan to sell USD/JPY if the price tests the 150.58 level twice while the MACD is in overbought territory. This would limit the pair's upward potential and likely lead to a reversal to the downside. Possible price targets in this case are 150.30 and 149.98. What's on the chart:Thin Green Line: Entry price for buying the instrument.Thick Green Line: Proposed Take Profit level or manual profit-taking zone. Further growth above this level is unlikely.Thin Red Line: Entry price for selling the instrument.Thick Red Line: Proposed Take Profit level or manual profit-taking zone. Further decline below this level is unlikely.MACD Indicator: Always use MACD to identify overbought or oversold conditions when entering trades.Important Note for Beginner Forex TradersBeginner traders must exercise great caution when making entry decisions in the market—especially before major fundamental data releases. It's often best to stay out of the market during such events to avoid sharp market moves that go against active trades. If you do choose to trade during news releases, always use stop-loss orders to minimize risk. Trading without a stop-loss, especially with large volumes or poor risk management, can lead to a rapid and complete loss of your trading account. Remember: successful trading relies on having a clear plan, such as the one outlined above. Making trades based on emotion or reacting impulsively to market movements is a losing strategy, especially for intraday traders. The material has been provided by InstaForex Company - www.instaforex.com

Trade Analysis and Tips for Trading the British PoundThe price test at 1.3456 occurred when the MACD indicator had already moved significantly above the zero line, which limited the pair's upward potential. The U.S. dollar resumed its decline against the British pound yesterday after Republicans and Democrats once again failed to reach a budget agreement, extending the government shutdown. Investors, exhausted by political uncertainty and concerned about its potential economic consequences, continued to abandon dollar-denominated assets, which immediately impacted the exchange rate against major global currencies. As is well known, a prolonged shutdown erodes confidence in the U.S. economy, reducing the appeal of the national currency and prompting capital outflows. In the first half of the day, Halifax is scheduled to release its UK House Price Index report. In the current macroeconomic environment, this data is especially significant. Traders will pay close attention to changes in real estate prices relative to previous periods. A decline in housing prices could signal a cooling market due to high borrowing costs and reduced consumer purchasing power. On the other hand, even a slight rise in prices may indicate market resilience — possibly driven by limited housing supply or sustained demand for certain property types. Additionally, the Halifax report typically includes analysis of contributing factors, such as employment levels, consumer confidence, and broader economic forecasts. Today, I'll mainly rely on executing Buy Scenarios 1 and 2. Buy ScenariosScenario #1: Buy the British pound at an entry point near 1.3486 (thin green line on the chart), with an upside target at 1.3515 (thick green line). I plan to exit my long positions at 1.3515 and open short positions in the opposite direction, targeting a 30–35 pip pullback. Important: Buy positions should only be considered after strong economic data is released. Before entering, ensure the MACD indicator is above the zero line and is just beginning to rise. Scenario #2: I also plan to buy the pound following two consecutive tests of the 1.3469 level when the MACD indicator is in oversold territory. This would limit the pair's downside potential and likely trigger a reversal to the upside. Expected price targets in this case are 1.3486 and 1.3515. Sell ScenariosScenario #1: Sell the pound after the price breaks below the 1.3469 level (thin red line). This will likely lead to a quick drop toward the 1.3440 level (thick red line), where I plan to exit sell positions and open long positions in the opposite direction — anticipating a 20–25 pip rebound. Important: Before selling, ensure that the MACD indicator is below the zero line and is just beginning to decline. Scenario #2: I also plan to sell the pound after two consecutive tests of the 1.3486 level while the MACD is in overbought territory. This would cap the pair's upside potential and likely lead to a bearish reversal. Anticipated downside targets in this case are 1.3469 and 1.3440. What's on the chart:Thin Green Line: Entry price for buying the instrument.Thick Green Line: Proposed Take Profit level or manual profit-taking zone. Further growth above this level is unlikely.Thin Red Line: Entry price for selling the instrument.Thick Red Line: Proposed Take Profit level or manual profit-taking zone. Further decline below this level is unlikely.MACD Indicator: Always use MACD to identify overbought or oversold conditions when entering trades.Important Note for Beginner Forex TradersBeginner traders must exercise great caution when making entry decisions in the market—especially before major fundamental data releases. It's often best to stay out of the market during such events to avoid sharp market moves that go against active trades. If you do choose to trade during news releases, always use stop-loss orders to minimize risk. Trading without a stop-loss, especially with large volumes or poor risk management, can lead to a rapid and complete loss of your trading account. Remember: successful trading relies on having a clear plan, such as the one outlined above. Making trades based on emotion or reacting impulsively to market movements is a losing strategy, especially for intraday traders. The material has been provided by InstaForex Company - www.instaforex.com